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Incorporated in 1992, Sah Polymers Limited is primarily engaged in manufacturing and selling of Polypropylene (PP)/High-Density Polyethylene (HDPE) FIBC Bags, Woven Sacks, HDPE/PP woven fabrics and woven polymer.
The company offer customised bulk packaging solutions to business-to-business (" B2B") manufacturers catering to different industries such as Agro Pesticides Industry, Basic Drug Industry, Cement Industry, Chemical Industry, Fertilizer Industry, Food Products Industry, Textile Industry Ceramic Industry and Steel Industry.
Sah Polymers Limited have two business divisions (i) domestic sales; and (ii) exports. The company has a presence in 6 states and 1 union territory for the domestic market and 6 regions internationally in 6 regions such as Africa, the Middle East, Europe, the USA, Australia and the Caribbean.
As of March 31, 2022, the company is supported by 97 committed staff based on the payroll. The company has one manufacturing facility with an installed production capacity of 3960 m.t. p.a. located at Udaipur, Rajasthan.
Competitive Strength:
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Total Borrowing |
|---|---|---|---|---|---|
| 31-Mar-20 | 35.93 | 49.91 | 0.3 | 18.81 | 10.37 |
| 31-Mar-21 | 40.58 | 55.34 | 1.27 | 20.09 | 13.79 |
| 31-Mar-22 | 68.67 | 81.23 | 4.38 | 26.65 | 30.54 |
| 30-Jun-22 | 75.35 | 27.59 | 1.25 | 27.74 | 33.15 |
| Amount in ₹ Crore | |||||
The company proposes to utilize the Net Proceeds towards funding of the following objects:
1. Setting up of a new manufacturing facility to manufacture new variant of Flexible Intermediate Bulk Containers (FIBC).
2. Repayment/ Prepayment of certain secured and unsecured borrowings in full or part availed by the Company and the Subsidiary Company.
3. Funding the working capital requirements of the Company.
4. General corporate purposes.
| IPO Date | Dec 30, 2022 to Jan 4, 2023 |
| Listing Date | Thursday, January 12, 2023 |
| Face Value | ₹10 per share |
| Price | ₹61 to ₹65 per share |
| Lot Size | 230 Shares |
| Issue Size | 10,200,000 shares of ₹10 (aggregating up to ₹66.30 Cr) |
| Fresh Issue | 10,200,000 shares of ₹10 (aggregating up to ₹66.30 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| P/E (x) | 33.51 |
| Market Cap (₹ Cr.) | 167.67 |
| QIB Shares Offered | Not less than 75% of the Issue |
| NII (HNI) Shares Offered | Not more than 15% of the Issue |
| Retail Shares Offered | Not more than 10% of the Issue |
| Company Promoters | Sat Industries Limited is the company promoter. |
Sah Polymers IPO opens on Dec 30, 2022, and closes on Jan 4, 2023. The Sah Polymers IPO bid date is from Dec 30, 2022 10.00 A.M. to Jan 4, 2023 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.
| Event | Tentative Date |
|---|---|
| Opening Date | Dec 30, 2022 |
| Closing Date | Jan 4, 2023 |
| Basis of Allotment | Jan 9, 2023 |
| Initiation of Refunds | Jan 10, 2023 |
| Credit of Shares to Demat | Jan 11, 2023 |
| Listing Date | Jan 12, 2023 |
The Sah Polymers IPO lot size is 230 shares. A retail-individual investor can apply for up to 13 lots (2990 shares or ₹194,350).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 230 | ₹14,950 |
| Retail (Max) | 13 | 2990 | ₹194,350 |
| S-HNI (Min) | 14 | 3,220 | ₹209,300 |
| B-HNI (Min) | 67 | 15,410 | ₹1,001,650 |
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 60.46% |
The company is operating in a highly competitive segment with two of its group company having an interest in a similar business. There are many other points of concern. Even based on its super earnings the issue is highly-priced. Initial listing in the “T” group may curtail speculative movements in the initial period. There is no harm in skipping this pricy bet. Read detail review...
The Sah Polymers IPO is subscribed 17.46 times on Jan 4, 2023 7:00:00 PM. The public issue subscribed 39.78 times in the retail category, 2.40 times in the QIB category, and 32.69 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 2.40 |
| NII | 32.69 |
| bNII (bids above ₹10L) | 33.94 |
| sNII (bids below ₹10L) | 30.20 |
| Retail | 39.78 |
| Total | 17.46 |
Sah Polymers IPO Anchor investor bid ended on Dec 29, 2022. A total of 4,590,000 shares are offered to Anchor investors. Sah Polymers IPO Anchor Investor Lock-in Period is Feb 20, 2023 for 50% of equity shares and May 15, 2023 for the remaining portion.
| Listing Date | Thursday, January 12, 2023 |
| BSE Script Code | 543743 |
| NSE Symbol | SAH |
| Listing In | |
| ISIN | INE035801013 |
| IPO Price | ₹65 per share |
| Face Value | ₹10 per share |
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Sah Polymers Limited
E-260-261
Mewar Industrial Area
Madri Udaipur Rajasthan 313003
Phone: +91 294 2493889
Email: cs@sahpolymers.com
Website: https://sahpolymers.com/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: Sahpolymers.ipo@linkintime.co.in
Website: https://linkintime.co.in/
Sah Polymers IPO is a main-board IPO of 10,200,000 equity shares of the face value of ₹10 aggregating up to ₹66.30 Crores. The issue is priced at ₹61 to ₹65 per share. The minimum order quantity is 230 Shares.
The IPO opens on Dec 30, 2022, and closes on Jan 4, 2023.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Sah Polymers IPO using UPI as a payment gateway. Zerodha customers can apply in Sah Polymers IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Sah Polymers IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Sah Polymers IPO opens on Dec 30, 2022 and closes on Jan 4, 2023.
Sah Polymers IPO lot size is 230 Shares and the minimum order quantity is .
You can apply in Sah Polymers IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Sah Polymers IPO will be done on Jan 9, 2023, and the allotted shares will be credited to your demat account by Jan 11, 2023. Check the Sah Polymers IPO allotment status.
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